Shell Posts Rise in Profit Despite Sharp Revenue Decline
The Wall Street Journal: Shell Posts Rise in Profit Despite Sharp Revenue Decline
Fall in revenue indicates impact of low oil prices
By IAN WALKER and SARAH KENT
April 30, 2015
LONDON— Royal Dutch Shell PLC on Thursday reported a 7% rise in first-quarter profit from a year earlier but also posted a steep fall in revenue, giving investors a glimpse of the impact weak oil prices are having on the business.
Write to Ian Walker at ian.walker@wsj.com and Sarah Kent atsarah.kent@wsj.com
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